SOURCE: Polaris International Holdings, Inc.

December 12, 2007 09:00 ET

Polaris International Holdings Executes Definitive Acquisition Agreement and Updates Market on Closing Schedule

TOKYO and LOS ANGELES, CA--(Marketwire - December 12, 2007) - Polaris International Holdings, Inc. (PINKSHEETS: PIHN) (the Company) ( announced today that Polaris Technology, Inc. has executed the definitive agreement for the acquisition of Staff IS CO., Ltd.'s cabling division Additionally, management has released the timetable for closing both the Polaris Technology and Staff IS CO., Ltd. acquisitions.

The Polaris Technology, Inc. acquisition is scheduled to close by January 31, 2008 and the Staff IS CO., Ltd.'s cabling division acquisition is scheduled to close on or before February 29, 2008. Once completed, Polaris Technology, Inc. will become a wholly owned subsidiary of Polaris International Holdings and Staff IS CO., Ltd.'s cabling division will operate as a division of Polaris Technology. The two companies have already begun working cooperatively on the development of new business for the combined venture.

Staff IS CO., Ltd., incorporated on October 1, 2001, currently has twelve employees in its cabling division; they will join Polaris Technology's existing staff of six with the closing of Staff IS CO.'s cabling business. Although actual revenue figures for Polaris Technology and Staff IS CO. are confidential until the acquisitions are completed, both companies are operating at a positive EBITDA and, accordingly, the acquisitions will be accretive to PIHN shareholders.

The Companies' accountants have begun preparing the books of all three companies to facilitate an audit of the combined companies immediately following the closing of the Staff IS CO.'s cabling division acquisition as the first step toward becoming a fully reporting company and an application to be listed for trading on the NASDAQ Bulletin Board.

The acquisition of the Staff IS CO.'s cabling division is viewed as doubly advantageous because it is not only accretive to the Company's shareholders with profitable revenue stream, it also delivers high profile customers along with a highly experienced staff. The Company's founders Naoto Higuchi and Kuni Misawa worked for Staff IS Co., Ltd. as operation executives. This pre-existing relationship with management has enabled Polaris to make what it considers a very advantageous acquisition that will be very desirable to PIHN shareholders. Naoto Higuchi, co-founder of Polaris International Holdings, also is the sole owner of Polaris Technology, Inc. In less than a year, Polaris Technology has attained profitability and boasts an impressive list of clients including Fortune 100 Global members. With Higuchi also owning 40% of Polaris International Holdings, the acquisition of Polaris Technology/Staff IS CO. is also structured to be very attractive to PIHN shareholders.

Polaris Technology and Staff IS CO., Ltd. deliver IT management and outsourcing services across applications, data centers, networking and desktop environments. Both Staff IS's cabling division and Polaris Technology have Fortune Global 100 corporations as clients.

According to Kuni Misawa, Polaris International Holdings, Inc. CEO, "The execution of the Staff IS CO. agreement represents another significant milestone for the Company. I am particularly pleased that the respective teams have found synergy and are already working together to bring their combined products to their respective customer bases. I am confident our expanded capabilities will serve to cement customer loyalty and to expand opportunities within the vertical markets they represent."

IDC Japan,, forecasted on May 31, 2007 that the Japanese IT market will have reached $104 Billion in 2007, up 2.6% from 2006. IDC Japan also reported that the public sector within the Asia/Pacific (Excluding Japan) region represents an industry of diverse spending behavior, with spending expected to cross US$32 billion by 2011. IDC Japan is a subsidiary of IDC. IDC,, is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets.

About Polaris International Holdings, Inc.

Polaris International Holdings, Inc., a Delaware corporation with offices in Huntington Beach and Los Angeles, California and Tokyo, Japan, is a holding company of IT services and technology companies located in Japan. The Company plans to expand from its current territory of Japan to include the other rapidly growing Asian markets.

Forward-Looking Statements and Risk Factors

Certain statements in this press release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve a number of risks, uncertainties and other factors that could cause actual results, performance or achievements of Polaris International Holdings, Inc. to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. There can be no assurance that we will satisfactorily reach our objectives or projections. Other factors, which could materially affect such forward-looking statements including risk factors relating to lack of sufficient capital, competition, lack of expertise in some or all of the areas we are currently attempting to do business in and lack of market support for our stock. Investors, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are only made as of the date of this press release and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

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